This paper models the effect of bank competition and deposit insurance premiums on the spread between lending and deposit rates. In developing economies, low spreads do not always indicate bank efficiency; they may be the result of high risk taking. This paper shows that imposing upper and lower...

Since the inception of Medicare Part D in 2006, mergers and acquisitions (M&A) and regulatory changes have led to increased concentration and reduced plan variety in the standalone prescription drug plan (PDP) portion of the market. We examine how this industry consolidation affects Medicare...

Korea’s health-care system has contributed to the marked improvement in health conditions, while limiting spending to one of the lowest levels in the OECD through high patient co-payments and limited coverage of public health insurance. However, spending is now increasing at the fastest rate...

Die Private Krankenversicherung (PKV) in Deutschland ist ein System lebenslanger Verträge. Im Rahmen derartige Verträge findet ein Kapitalaufbau für jeweils eine Altersgruppe statt. Wenn die Versicherten jung sind, übersteigt die Prämie die Ausgaben des Versicherers. Die Sparbeiträge...